* Singapore shares down for third straight session
* Indonesia declines over 1 pct to one-week low
By Sumeet Gaikwad
Aug 31 (Reuters) - Southeast Asian stock markets fell on
Friday, in line with broader Asia, after a report that U.S.
President Donald Trump was preparing to step up a trade war with
Beijing and ready to impose more tariffs on Chinese imports.
Bloomberg reported that Trump said he was ready to impose
more tariffs on $200 billion worth of goods from China as soon
as the public comment period on the plan ends next week.
Trump also threatened to withdraw from the World Trade
Organization if "they don't shape up," in his latest criticism
of the institution.
MSCI's broadest index of Asia-Pacific shares outside Japan
slid 0.74 percent.
Indonesian shares fell over 1 percent to a one-week
low, weighed down by losses across the board, but were poised to
post a monthly gain.
Consumer products maker Unilever Indonesia and
conglomerate Astra International declined over 2
An index of the country's 45 most liquid stocks
was down 1.5 percent.
Philippine shares declined 0.9 percent, dragged by
real estate and industrial stocks.
Blue chips SM Prime Holdings and Ayala Land
fell 2 percent and 1.6 percent, respectively.
Singapore shares slipped for a third consecutive
session and were set to post a monthly drop.
Financials were a drag with top lender DBS Group Holdings
shedding as much as 1.6 percent to a six-month low.
Thai shares fell for a second straight session,
weighed down by losses in consumer staples and industrials,
ahead of July trade data.
CP All slipped 1 percent, while Airports of
Thailand dropped 0.8 percent.
Malaysian markets were closed for a holiday.
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SOUTHEAST ASIAN STOCK MARKETS: AS AT 0329GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3220.1 3225.72 -0.17
Bangkok 1714.84 1720.43 -0.32
Manila 7779.84 7853.16 -0.93
Jakarta 5951.148 6018.964 -1.13
Ho Chi Minh 997.63 998.07 -0.04
Change on year
Market Current End 2017 Pct Move
Singapore 3220.1 3402.92 -5.37
Bangkok 1714.84 1753.71 -2.22
Manila 7779.84 8558.42 -9.10
Jakarta 5951.148 6355.654 -6.36
Ho Chi Minh 997.63 984.24 1.36
(Reporting by Sumeet Gaikwad in Bengaluru; Editing by